CJRS extended to March 2021 and further economic support

Author
Herjeet Randhawa
Author's position
RVA Advice Service Manager
Article date
10 November 2020
Primary interest
Voluntary sector

Last week the Chancellor announced that the Coronavirus Job Retention Scheme (CJRS) would be extended to March 2021 as a result of the further lockdown, which will come as a welcome relief to some. Furloughed employees will receive 80% of their current salary for hours not worked, up to a maximum of £2,500.

Business premises forced to close in England are also eligible for grants of to £3,000 per month and £1.1bn is being given to Local Authorities, distributed on the basis of £20 per head, for one-off payments to enable them to support businesses more broadly.

Further information and support:

  • The Charity Tax Group (CTG) has published this helpful summary, which provides more details on the schemes.
  • The Charity Finance Group (CFG) has published a blog on the CJRS, including the campaign for a time limited scheme that will allow organisations to furlough and volunteer their time back to the non-profit sector. You can read more and sign the campaign here.
  • You can also read NCVO funding round-up for November 2020 here.
  • If you have questions about your charity’s specific circumstances, contact me at herjeet.randhawa@rva.org.uk for free confidential advice